Torrent Power Limited · NSE:TORNTPOWER
Torrent Power — Q4 FY2022-23 Earnings Presentation
24 slides from Torrent Power's earnings presentation, May 29, 2023
Slide 1: Cover letter to stock exchanges
May 29, 2023 To, To, Corporate Relationship Department Listing Department BSE Limited, National Stock Exchange of India Limited 14th Floor, P. J. Towers, “Exchange Plaza”, C – 1, Block G Dalal Street, Fort, Bandra- Kurla Complex, Bandra (East), Mumbai-400001 Mumbai-400051 SCRIP CODE: 532779 SCRIP SY
Slide 2: Torrent Power Limited Investor Presentation Q4 FY 2022-23
Torrent Power Limited Investor Presentation Q4 FY 2022-23
Slide 3: Disclaimer
DISCLAIMER This information may contain certain forward-looking statements/details in the current scenario, which is extremely dynamic and increasingly fraught with risks and uncertainties. Actual results, performances, achievements or sequence of events may be materially different from the views ex
Slide 4: Presentation Outline
PRESENTATION OUTLINE TORRENT GROUP TORRENT POWER LIMITED OVERVIEW OF OPERATIONS FY23 INVESTMENT RATIONALE FIVE YEAR TREND: KEY FINANCIAL & TECHNICAL STATISTICS
Slide 5: Torrent Group
TORRENT GROUP TORRENT PHARMACEUTICALS LIMITED • A generics pharmaceutical major with strong global footprint • Ranked 6th in Indian pharma market with leading position amongst top 4 players across key therapeutic areas like Cardiac, CNS, GI & VMN. • Ranked No. 1 among Indian Pharma companies in Braz
Slide 6: Torrent Group
TORRENT GROUP Turnover $ 4.5 Bn Market Cap $ 9.3 Bn Enterprise Value $ 11 Bn Employees 24,400+ Spreading smiles Illuminating Lives Not just healthcare… Lifecare Generating Trust. Distributing Opportunities. Turnover: $ 1.12 Bn Turnover: $ 3.13 Bn Building pan-India state-of-art Enterprise Value: $ 6
Slide 7: Torrent Power Limited
TORRENT POWER LIMITED Spreading smiles Illuminating Lives Thermal Solar Wind Transmission Distribution - 263 MW oper- - 804.5 MW - 2,730 MW ational capacity - 430 MW of - 355 kms 400 kV - -Licensed Licensed: - 138 MW of oper-ational state-of-art gas - 2730 MW of gas over 5 locations operational & -
Slide 8: Torrent Power Limited asset map
TORRENT POWER LIMITED C&I Projects GUJARAT UTTAR PRADESH AMGEN (362 MW) Sabarmati, Agra Ahmedabad KARNATAKA DGEN (1200 MW) Dahej, Bharuch SUGEN & Kamrej, Surat Wind (120 MW) Gulbarga and UNOSUGEN Raichur, Karnataka (1530 MW) Wind (49.6 MW) Jamnagar Wind (251.6 MW) Kutch 03 Wind (50.9 MW) Rajkot 05 W
Slide 9: Portfolio of Assets: Thermal Generation
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : THERMAL GENERATION Particulars Sugen Unosugen Dgen Amgen Capacity 1147.5 382.5 1200 362 (MW) (3 x 382.5) (1 x 382.5) (3 x 400) (1 x 120, 2 x 121) Plant Type Gas-based CCPP Gas-based CCPP Gas-based CCPP Coal Based Location Near Surat, Gujarat Near Surat, Gu
Slide 10: Portfolio of Assets: Renewable Generation
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : RENEWABLE GENERATION Particulars Solar Wind Capacity (MW) 263 804.50 Gujarat,Maharashtra,Karnataka, Location Gujarat, Maharashtra & Telangana Rajasthan & Madhya Pradesh COD FY 12 to FY17 FY 12 to FY 19 Avg Tariff (₹/kWh) 7.46 3.96 • 352.50 MW with Company’
Slide 11: Portfolio of Assets: Licensed Distribution
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : LICENSED DISTRIBUTION Ahmedabad/ Particulars Surat Dahej Gandhinagar Licensed Area ~ 356 sq. km. ~ 52 sq. km. ~ 17 sq. km. Peak Demand(FY23) 1,900 MW 742 MW 106 MW License validity Till 2025 Till 2028 Till 2034 Accolades / Highlights T&D loss 3.57% durin
Slide 12: Portfolio of Assets: Licensed Distribution
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : LICENSED DISTRIBUTION Dadra and Nagar Haveli and Daman Particulars Dholera SIR and Diu Power Distribution Licensed Area ~ 920 sq. km. ~603 sq. km. Peak Demand(FY23) - 1,281 MW License validity Till 2044 Till 2047 Accolades / Major project on DMIC, to be
Slide 13: Portfolio of Assets: Franchised Distribution
TORRENT POWER LIMITED PORTFOLIO OF ASSETS : FRANCHISED DISTRIBUTION Particulars Bhiwandi Agra Shil, Mumbra, Kalwa (SMK) Licensed Area ~ 721 sq. km. ~ 221 sq. km. ~65 sq. Km. Peak Demand 595 MVA 510 MVA 146 MVA (FY23) License validity 25th Jan 2027 31st March 2030 29th Feb 2040 Accolades / Country'
Slide 14: Overview of Operations – Q4/FY 2022-23
OVERVIEW OF OPERATIONS – Q4/FY 2022-23 Consolidated Financial Statement Q4 22-23 Q4 21-22 Growth % FY 22-23 FY 21-22 Growth % (₹ in Cr.) Revenue from Operations 6,038 3,744 61% 25,694 14,257 80% Power Purchase Cost 3,991 2,241 16,949 8,520 Material Cost & Change in Inventory 476 166 2,185 557 Contri
Slide 15: Overview of Operations – FY 2022-23
OVERVIEW OF OPERATIONS –FY 2022-23 Total Comprehensive Income (TCI) for FY 23 is higher at ₹ 2,171 crs compared to ₹ 1,389 crs for FY 22 (adjusted for net DGEN Impairment charge of ₹ 928 Crs (net of deferred tax reversal)). The major reasons for improvement in the adjusted TCI are: Increase in con
Slide 16: Overview of Operations – Q4/FY23 Thermal PLF
OVERVIEW OF OPERATIONS–Q4/FY23 Q4 Thermal PLF(%)/ Net Generation(MUs) 91.5% 79.2% 650 MUs 570 MUs 20.0% 19.9% 16.6%18.3% 8.3% 8.6% 1053 1145 483 480 0.0% 161.9% 0.0% 0.0% 483 495 MUs MUs MUs MUs MUs MUs MUs SUGEN UNOSUGEN DGEN GAS PLANTS AMGEN THERMAL 1147.5 MW 382.5 MW 1200 MW 2730 MW 362 MW 3092 M
Slide 17: Overview of Operations – Q4/FY23 Renewable PLF
OVERVIEW OF OPERATIONS– Q4/FY23 Q4 Renewable PLF (%)/ MUs FY Renewable PLF (%)/ MUs Dispatched Dispatched 21.6% 27.1% 24.3% 18.7% 20.3% 20.3% 16.8% 353 MUs 19.3% 1528 1528 MUs MUs 202 202 295 MUs MUs MUs 264 123 MUs 58 MUs MUs 803.5 MW 263 MW WIND 804.5 MW SOLAR 263 MW WIND SOLAR Q4 21-22 Q4 22-23 F
Slide 18: Overview of Operations – Q4/FY23 Distribution
OVERVIEW OF OPERATIONS– Q4/FY23 Q4 USO/Purchase (MUs) 2,513 1,719 1,754 850 905 913 983 171 190 390 397 165 174 Ahmedabad Surat Dahej DDDNH Bhiwandi Agra SMK Q4 22 Q4 23 8,018 8,595 3,454 3,813 FY USO/Purchase (MUs) 3,502 3,947 2,226 2,030 9,962 662 714 739 780 Ahmedabad Surat Dahej DDDNH Bhiwandi A
Slide 19: Investment Rationale
INVESTMENT RATIONALE • State of the art gas • Huge growth • Need for a robust • Opportunities for based plants potential in grid to support private sector renewables; returns increase in considering the • Direct import of LNG above COE for renewables capacity endemic at efficient cost selected proje
Slide 20: Investment Rationale
INVESTMENT RATIONALE Excellent Regulated operational Promising businesses records growth ensuring opportunities stable returns Unmatched Strong project distribution management model skills World class Rational generation Value allocation of assets Creation capital
Slide 21: 5 Year Trend - Financial Statistics
5 YEAR TREND - FINANCIAL STATISTICS Revenues from Operations (₹ Crore) EBIDTA (₹ Crore)/EBIDTA Margin (%) 25694 5141 3734 3607 3826 13151 13641 14257 3389 12173 26% 27% 30% 27% 20% 2018-19 2019-20 2020-21 2021-22 2022-23 2018-19 2019-20 2020-21 2021-22 2022-23 TCI* (₹ Crore) Net Worth (₹ Crore) 1197
Slide 22: 5 Year Trend - Financial Statistics
5 YEAR TREND - FINANCIAL STATISTICS Net Debt / EBITDA Net Debt Equity Ratio 2.61 0.82 2.24 0.80 0.80 0.80 2.18 1.98 1.97 0.64 18-19 19-20 20-21 21-22 22-23 18-19 19-20 20-21 21-22 22-23 Return on Capital Employed Return on Networth 14.00% 19.07% 14.22% 10.01% 10.31% 11.05% 12.42% 9.32% 9.54% 8.23% 1
Slide 23: 5 Year Trend - Operational Statistics
5 YEAR TREND - OPERATIONAL STATISTICS THERMAL PLF (%) T&D loss (%) Licensed Distribution 87.8% 88.2% 6.31% 6.03% 72.9% 5.61% 76.9% 4.98% 62.3% 60.1% 59.9% 57.8% 4.06% 4.17% 41.1% 3.59% 3.43% 3.43% 3.74% 59.9% 3.38% 3.17% 44.3% 44.3% 33.4% 40.7% 38.4% 15.0% 9.8% 30.6% 16.1% 0.0% 6.5% 0.40% 0.35% 0.31
Slide 24: Thank You
THANK YOU Contact details: Rishi Shah Torrent Power Limited “Samanvay”, 600 Tapovan, Ambawadi, Ahmedabad 380015 Ph. No. (079) 26628473 Email: IR@torrentpower.com